In China, Land Prices Fan Bubble Fears
August 5, 2009, The Wall Street Journal

As land prices rise again in China, new questions are emerging as to the impact that today’s freer flow of credit might have on the broader economy.

"Land sales have been going crazy in big cities, particularly in Beijing, and regulators suspect a lot of that money came from banks," said Karen Tang, a partner for law firm White & Case LLP in Shanghai who specializes in banking and real estate.